Monday, August 10, 2015

What Stock Market Bubble?


Who needs revenues and earnings to propel one's stock higher?  All what one needs in this crazy financial environment is to change one's corporate name.  Guess what?  That is exactly what Google just did. It changed its name to "Alphabet" and its stock jumped 5% in after-hour trading.  Once again, I am just not creative enough to make stuff up like this.

But, couldn't Google come up with a more creative name that "Alphabet?" But, then again, who am I to criticize Google on its name change?  The stock is trading up 5%. But, good grief, where is the sanity in this market?

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